Donald Trump is now leading Kamala Harris by 7 percentage points in 2024 election odds, according to Polymarket's prediction markets.
Just one month ago, Harris was leading Trump by 10 percentage points on the same platform.
Key reason for fall
👉 2 readings of manufacturing production showed signs of weakness
👎 S&P Global’s showed a decline from July to August
👎 ISM manufacturing index for August came in at 47.2% vs expected 47.9
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"It’s very rare that you find a technology that solves every rich person's problem and every poor person's problem simultaneously."
- Michael Saylor on Bitcoin
Global liquidity hits an all-time high of $95 trillion
Historically, Bitcoin price follows
NVIDIA 2Q REV. $30.0B, EST. $28.86B, above whisper *NVIDIA 2Q ADJ EPS 68C, Exp. $0.69 *NVIDIA 2Q ADJ GROSS MARGIN 75.7%, EST. 75.5%
Читать полностью…$BTC Analysis
As updated last time $BTC slipped off the 62k area to 58k. The Bullish momentum after Powell's speech completely retracted and again entered a rangebound environment. Traders are in no hurry to be BULLISH without clarifying how many basis points the fed will cut the rates.
Right now #Bitcoin is finding support at August VWAP, lose that 56k lows will be swept. 63k is a key pivot for me to go Long or Short. The first sign of Bullish momentum regaining is acceptance back above 60k this week.
US stocks and Bitcoin tends to rise after US presidential elections.
This is because prices are reflecting expectations of economic stimulus measures from the new administration.
$BTC Update
Yesterday $BTC held strong when $SPX sold off, first signs of strength. H30 MSB and putting higher low's now. Today I will go long if 58.5k is broken and held as support.
Pushed up a bit but early signs spot bidders exhaustion. Need more spot bids to push higher otherwise 55k imminent.
Читать полностью…$BTC Analysis
September is mostly bearish if you see the history of September. My short interest area is 62k targeting 55k.
Perps tried to hold absorbing spot sellers but it looks like perps gave up. More downside very likely.
Читать полностью…Telegram CEO Pavel Durov has been released under judicial supervision in France. He is required to pay a €5 million deposit and is prohibited from leaving the country.
Telegram Faces Possible Ban in Indonesia
Jakarta Globe reports that Telegram may be banned in Indonesia due to accusations of distributing pornography and encouraging online gambling.
NVIDIA earning post NY session. A miss would mean instant sell off probably leading to new downtrend. If it's well above target then BULLISH.
Читать полностью…$BTC looks very weak. No strong reaction at support. More downside likely. Not touching any longs for now.
Читать полностью…$BTC Analysis
Last week after Powell's speech $BTC broke 62k on the 5th attempt. Acceptance back in the 5-month value area. Long triggers on retest of 62k is what I am looking for.